Global luxury residential markets are always interesting. It really does indicate where the wealthy are hanging out, migrating to and moving away from. The never-ending search for safe haven investments keeps pushing prices up, in spite of stock market blips and financial crisis fallout.
It seems you just need nerves of steel and the courage to jump in at the bottom. Whatever happened to the dreadful doom and gloom in the US property market only a few months back? Last week in New York all anyone could talk about was how it was simply too expensive to live in town any more. Formerly cheap arty areas like the lower East side are cheap and full of artists no more...............................................Full Article: Source